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I took the gmat in 2004. Needed a mere 500 to gain acceptance in a dual undergrad/masters program for my university. I was given two weeks notice of this... and my preparation consisted of the two practice exams offered by the test makers ... needless to say I did a stellar 490! None the less, I still got into the program with my gpa 3.9.

Here I am in 2011, a new job as a VP at a bank and was offered the opportunity to get my MBA. As I am located in NYC my school choices will be relatively narrow and in order for the MBA to actually impact my career it will need to be a Top 15 school. So the schools I will be applying to will be: Columbia, Wharton, Harvard (just because), and NYU (safety school).

I have 6 years of experience and have an undergraduate degree in Accounting from a second tier private school. In addition, I have a masters degree in accounting from the same school.

So here I am, re-taking the GMAT, hoping for a 700... and most importantly doing it right this time around. I am excited to say the least! _________________

Good Luck - you will have to pull off a 650+ to get on the board for those schools.Your work experience, GPA, and maturity (based on the tone of your post) are all up there. Don't let GMAT scare you - it should be a check mark. You applying for 2013 acceptance or trying to get in this year?

I will take the exam in May (given that I am doing well on the practice exams) and apply in December. I want to ensure that I have plenty of time with essays as well as getting my recommendations on board.

Currently, I am going through the Kaplan book. My diagnostic test from MBA.com yielded a 530 before any studying... this is higher than my actual score 5 years ago.

As far as the program, I am debating between a full time or an EMBA. I suppose I need to speak to some of the schools and figure out where I would fit best. _________________

One suggestion - don't wait too long to take your test. I would suggest that you take it 3-4 months after you started preparing. That works best with the routine and also your memory will be fresher and would yield a much better result. It is probably more effort and more intense but I would aim for that.

Also, a new book just came out from mgmat - GMAT roadmap. I have reviewed it and it is a great collection of study tips and routines that you probably have forgotten about (sounds like you've been out of undergrad for a while).

Emba vs MBA is a pretty easy choice - EMBA wins hands down in most cases. It is usually paid by the employer and you usually don't take time off for school (thus not losing any income). You also have a completely different mix of students that are more on par with you (though any top program will have a great student mix, they may be in a slightly different stage in their lives) _________________

I will take the exam in May (given that I am doing well on the practice exams) and apply in December. I want to ensure that I have plenty of time with essays as well as getting my recommendations on board.

Currently, I am going through the Kaplan book. My diagnostic test from MBA.com yielded a 530 before any studying... this is higher than my actual score 5 years ago.

As far as the program, I am debating between a full time or an EMBA. I suppose I need to speak to some of the schools and figure out where I would fit best.

Best of luck with your journey. You have to the right place for a network of supportive people that have all gone through the same torment of preparing for the GMAT. I will say that raising your score from 530 to 700 will take a fair amount of work, so you should be prepared for that. The GMAT is a beast, but it is a beatable beast - you just have to know how to tackle it.